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Market
Which will grow more by end of 2024: Spot Bitcoin ETFs or Bitcoin Futures ETFs?
5
Resolution / Starting Odds
Spot Bitcoin ETFs have higher growth • 50%
Bitcoin Futures ETFs have higher growth • 50%
ETF asset under management (AUM) data and financial analysis reports
Story
Bitcoin ETFs See Record Inflows, Hold Over 1 Million BTC as Price Surges Above $70,000
May 28, 2024, 11:49 AM
Bitcoin ETFs have experienced significant inflows over the past few weeks, with the highest net flow in 10 weeks recorded last week. Over $2 billion flowed into US Bitcoin ETFs in the last two weeks, with a record $1 billion in the previous week alone. Thursday saw the largest daily inflow of $305 million. BlackRock's iShares Bitcoin Trust led the surge with $720 million, followed by Fidelity's $227 million. Globally, Bitcoin ETFs now hold over 1 million BTC, which is approximately 5% of the circulating supply. This surge in institutional demand has pushed the price of Bitcoin above $70,000. BlackRock and Fidelity have increased their Spot Bitcoin ETF holdings to a combined total of 448,072 Bitcoin worth $31.2 billion. Bitcoin Spot ETFs now hold approximately 1 Nakamoto of BTC.
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Similar markets
BlackRock's iShares Bitcoin Trust • 33%
Fidelity's Bitcoin Trust • 33%
Other • 33%
Significant increase in ETF assets • 33%
Moderate increase • 33%
No significant change • 34%
Yes • 50%
No • 50%
IBIT grows more than 20% • 25%
GBTC grows more than 20% • 25%
Both grow more than 20% • 25%
Neither grows more than 20% • 25%
BlackRock's iShares Bitcoin Trust • 33%
Fidelity's Bitcoin Trust • 33%
Other • 34%
Retail Investors • 50%
Institutional Investors • 50%